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大和:下調騰訊(0700.HK)目標價至410港元 評級“買入”
格隆匯 10-16 11:23

大和發表報告表示,於10月8至11日舉行了與騰訊(00700.HK)的路演,與會投資者最關心是騰訊手遊的表現及潛力。該行指,騰訊下半年之手遊收益將好過預期,預期會帶動股價上升。

該行認為,在智能手機遊戲方面,《Call of Duty手遊版》在全球範圍內開局表現好,但仍在等待中國當局的批准,而《DnF》手遊版仍在測試中,以更好地為中國玩家做好準備。該行預期,騰訊第三季《和平精英》及《龍族幻想》等能帶來可觀的收入貢獻;同時亦反映Supercell的貢獻(騰訊可能會在10月下旬完成交易)。

不過大和補充,預計由於宏觀及地緣政治因素下,而且去年第三季基數較高,下半年騰訊旗下微信之媒體廣告仍將受壓。因此該行在下調廣告及金融科技、商業服務收入之後,對騰訊2019至2021年盈利預測進行調整,分別是上調1.3%、下調1.1%及上調0.7%,重申“買入”評級,惟目標價由420港元下調至410港元。

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